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Yangzhou of Jiangsu province has been rated as China's fourth best third-tier city in terms of economic performance by US independent think tank, the Milken Institute.
It is the first time the institute compiled such a ranking. The list ranks the economic performance of 266 Chinese cities, 232 of which are third-tier.
The review factors in the rankings include job and income growth, gross regional products, and foreign direct investment, as well as the strength of high value-added industries.
Seven of the top 10 best-performing third-tier cities are in Jiangsu province, which have benefited from Shanghai's proximity and an influx of talent and technology. The cities are Suzhou, Nantong, Yangzhou, Suqian, Taizhou, Changzhou and Wuxi.
Yangzhou is a tourism city with more than 2,000 years of history and culture.
A view of Yangzhou city, Jiangsu province. [Photo/lyj.yangzhou.gov.cn]
